FAQ

FAQ

We are an independent finance company and our staff have over 60 years experience between them in helping customers to find the best solution for their circumstances. We’re brokers, not a bank or building society, so we’re not limited to one set of products. We have access to a much wider range of products from our panel of selected lenders & providers to offer you more choice and fewer rejections.

Depending on your income and the amount of equity in your property, you can borrow anything from £3,000 to £2,500,000 with repayment terms from 1 year to 30 years. Any loan must be affordable for you and we will help you work out exactly what that amount is.

A loan arranged by Pure Financial Solutions can be used for any legal purpose. You can clear your credit cards, store cards and other high interest borrowings, to enjoy one, more affordable, monthly payment. You could use it for home improvements, whether you’re redecorating or adding a conservatory or loft conversion, a new car, a luxury holiday or help with your children’s first home or college fees. It’s up to you.

Whatever your credit history our experienced customer care team will help you find a loan with the lowest interest rate and the most preferential terms available for your situation. Even if you’ve been turned down elsewhere, we could still help. We have access to lenders who specialise in helping customers in your situation, so even if you’ve previously defaulted on a loan, have CCJs or mortgage arrears we could help you get the money you need.

As soon as we get your online application we’ll assess your requirements and match them with the best deal from our panel of lenders. You’ll also get a friendly and experienced customer manager to guide you step by step through the process. Applying is free and you’re under no obligation, there are no interviews and no salesmen will call at your home.

Once you receive your loan you can spend the money as you please. You could pay off all your existing higher interest rate credit cards, store cards, overdrafts, HP etc and leave yourself with just one monthly payment, which would be much easier to manage. You could also use any cash left over to treat yourself to something you’ve always wanted.

You’ll need to tell us your residential address(es) for the last three years, your date of birth (you must be over 18 years old), your employment details and some financial information. Our friendly customer managers will then guide you through any additional documentation and more detailed enquiries if required.

At Pure Financial Solutions we treat your application in the strictest confidence and will never contact your employers, banks or any other third party without your permission. Our reputation is built on the trust and confidentiality we offer our customers.

We offer repayment terms from 1 year to 30 years. You can use our loan calculator to help you decide the monthly amount you’ll be happy to pay. Just remember that while extending the repayment period will reduce your monthly outgoings, you will pay more in interest charges.

The amount you pay every month will depend on how much you borrow, over what period you intend to repay your loan and your individual circumstances. Our friendly advisors will help you work out how much you can afford to borrow and your repayment term.

We offer a range of fixed interest rate loans so you can enjoy the financial stability of knowing exactly how much you have to pay every month. You can make plans with the certainty that any interest rate rises won’t affect you or your loan, making it easier to manage your finances.

What you need to know...

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERM OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY. WE ARRANGE LOANS AND MORTGAGES FROM A PANEL OF LENDERS. WE WILL RECEIVE A COMMISSION FROM THE LENDER UPON COMPLETION. CALLS ARE RECORDED FOR REGULATORY & COMPLIANCE PURPOSES.

SECURED LOANS - Rates from 4.5% APR variable. We also have a range of plans with rates up to 65.2% allowing us to help customers with a range of credit problems. Typical 10.9% APR variable. Representative example: if you borrow £10,000 over 10 years at an Annual Interest Rate of 6.7% (variable) you would make 120 payments of £134.56 per month. The total amount repayable will be £16147.20 (This includes a lender fee of £495 and a broker fee of £1250 which have been added to the loan.) The overall cost for comparison is 10.9% APRC representative.

MORTGAGES - The overall cost for comparison is 4.42% APR variable. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.